Nobel Prize for Economics

US researchers Paul Romer and William Nordhaus work on climate change and economy

(Newser) -
Two researchers at American universities have been awarded the Nobel Prize for their work on climate change's role in the world economy. Yale University's William Nordhaus was named for integrating climate change into long term macroeconomic analysis—as the Guardian notes, he is "the founder of environmental...
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Richard Thaler wins the Nobel

(Newser) -
The winner of the Nobel economics prize says the most important impact of his work is "the recognition that economic agents are humans" and money decisions are not made strictly rationally. Richard Thaler , of the University of Chicago, was speaking in a phone call to a news conference...
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Oliver Hart of the UK and Bengt Holmstrom of Finland are pioneers in contract theory

(Newser) -
British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel Memorial Prize in Economic Sciences for their contributions to contract theory, shedding light on how contracts help people deal with conflicting interests. The Royal Swedish Academy of Sciences said their theories "are valuable to the understanding of real-life...
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(Newser) -
Americans Thomas Sargent and Christopher Sims won the Nobel economics prize today "for their empirical research on cause and effect in the macroeconomy," the Royal Swedish Academy of Sciences announced. The prize committee said the winners have developed methods for answering questions such as how economic growth and...
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Shares award for work on unemployment

(Newser) -
Americans Peter Diamond and Dale Mortensen and British-Cypriot citizen Christopher Pissarides won the 2010 Nobel economics prize today for developing theories that help explain how economic policies can affect unemployment. The Royal Swedish Academy of Sciences says the trio won the prestigious award "for their analysis of markets with...
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